Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
British Pound/Khazanah Sukuk (FOREX:GBPLFX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPLFX
The long term trend has been DOWN since May 22nd, 2019 at 2.60175
The intermediate term trend has been DOWN since May 13th, 2019 at 2.64245
The short term trend has been UP since Jul 19th, 2019 at 2.53685
Smart Scan Analysis for GBPLFX
Based on a pre-defined weighted trend formula for chart analysis, GBPLFX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).